Quote:
|
Originally Posted by ak If your house does burn down, who pays for it?
a) Gov't
b) Insurance (if you have any)
c) Take the loss??!?!?
??? |
During your home mortgage, I believe home insurance is required (same thing as financing a new car). But home insurance doesn't cover everything. The homeowner decide whether to have fire coverage, burglary coverage, rainstorm coverage, and etc. The government does not cover any financial loss of any homeowners.